This is a very large part of regional/community banks' balance sheets: 40%. Now we know why the repo market has been tapped for over $100 million the past few months. Regional banks have liquidity issues due to high delinquency rates, which are about to get much worse.

First Squawk
@FirstSquawk
11-07
COMMERCIAL MORTGAGE-BACKED SECURITIES JUST HIT THE HIGHEST DELINQUENCY RATE IN HISTORY.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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